Citigroup (C) Earns “Market Perform” Rating from Keefe, Bruyette & Woods

Citigroup (NYSE:C)‘s stock had its “market perform” rating reiterated by research analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Wednesday.

A number of other equities analysts also recently issued reports on C. BidaskClub raised shares of Citigroup from a “hold” rating to a “buy” rating in a report on Thursday, September 21st. Atlantic Securities reissued an “overweight” rating and issued a $85.00 price target (up from $75.00) on shares of Citigroup in a report on Tuesday, September 26th. Deutsche Bank reissued a “hold” rating and issued a $67.00 price target (up from $61.00) on shares of Citigroup in a report on Tuesday, September 26th. Raymond James Financial reissued an “underperform” rating on shares of Citigroup in a report on Wednesday, September 27th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $75.00 price target on shares of Citigroup in a report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Citigroup currently has a consensus rating of “Buy” and an average price target of $78.67.

Citigroup (NYSE:C) opened at $77.11 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $203,880.00, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 1.23 and a beta of 1.56. Citigroup has a fifty-two week low of $55.23 and a fifty-two week high of $78.44.

Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.09. The firm had revenue of $17.26 billion for the quarter, compared to the consensus estimate of $17.23 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.14 EPS. sell-side analysts anticipate that Citigroup will post 5.25 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in C. FMR LLC increased its position in shares of Citigroup by 3.8% during the second quarter. FMR LLC now owns 109,804,452 shares of the financial services provider’s stock valued at $7,343,721,000 after buying an additional 4,061,637 shares during the period. Bank of New York Mellon Corp increased its position in shares of Citigroup by 6.8% during the second quarter. Bank of New York Mellon Corp now owns 46,110,561 shares of the financial services provider’s stock valued at $3,083,874,000 after buying an additional 2,943,282 shares during the period. Harris Associates L P increased its position in shares of Citigroup by 0.5% during the second quarter. Harris Associates L P now owns 41,350,951 shares of the financial services provider’s stock valued at $2,765,551,000 after buying an additional 221,171 shares during the period. Northern Trust Corp increased its position in shares of Citigroup by 3.1% during the second quarter. Northern Trust Corp now owns 34,097,795 shares of the financial services provider’s stock valued at $2,280,461,000 after buying an additional 1,011,532 shares during the period. Finally, Boston Partners increased its position in shares of Citigroup by 3.4% during the third quarter. Boston Partners now owns 24,591,045 shares of the financial services provider’s stock valued at $1,788,752,000 after buying an additional 817,162 shares during the period. Institutional investors and hedge funds own 78.53% of the company’s stock.

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Citigroup Company Profile

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

Analyst Recommendations for Citigroup (NYSE:C)

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